Agency
In Colorado, the duty of 'accounting' owed by a broker to their client includes:
AFiling the client's income tax returns
BProperly handling all money and property belonging to the client, including prompt deposit and accurate records✓ Correct
CPreparing the client's financial statements
DCalculating the client's net worth
Explanation
The duty of accounting in Colorado agency law requires a broker to properly handle all client funds and property — including prompt deposit of earnest money in trust, maintaining accurate records, and accounting for all money received and disbursed on behalf of the client.
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